What are CGT assets?



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All assets are subject to the capital gains tax rules unless they are specifically excluded. Many CGT assets are easily recognisable - for example, land and buildings, shares in a company and units in a unit trust. Other CGT assets are not so well understood - for example, contractual rights, options, foreign currency and goodwill.

CGT assets fall into 3 categories - collectables, personal use assets and other assets.

Last modified: 18 Sep 2009QC 18323